If Marguarite promises to pay Neal $300 not to defame her, the promise is unenforceable because tort law imposes a preexisting obligation on Neal to refrain from such an act

a. True
b. False
Indicate whether the statement is true or false

True

Business

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An insurance policy that allows both the premium amount and the maturity of the life contract to be changed by the insured is called

A. term life. B. universal life. C. whole life. D. endowment life. E. variable life.

Business

Service companies, in particular, find great value from ABC because a vast majority of their cost structure is composed of ________ costs

A) prime B) factory C) indirect D) committed

Business